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 Post subject: September 24th Thursday 2009 Emini ES ($ES_F) points +32.50
PostPosted: Thu Sep 24, 2009 3:46 pm 
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Joined: Sat Jan 10, 2009 1:06 pm
Posts: 3232
Location: Canada

Today's trades that were posted in real-time in #FuturesTrades chat room via my IRC user name wrbtrader. You can review each trade from entry to exit along with commentary and an occasional trading tip because its all archived @

Good trading day only but wasn't too happy with my last three trades of the day in which I got caught off guard by breaking news concerning earnings stuff about RIMM. However, if I were to rate my trading today on a 10 scale system I would give it a 7 because I usually keep things control in the last 45mins of trading. However, was a great trading day for a few clients in which a few netted +100 points today in the Emini ES ($ES_F), +130 Emini NQ ($ES_F) and one client big profits in Oil Service HOLDRs OIH about +5 points....I'm jealous when I look at my own personal results.

FYI - You can ask me questions here at the forum or you can tweet me on twitter about anything related to today's trading or related to your own trading.


In addition, posted below are direct links about my trade methodology or trading approach that enables me to identify key trading areas in the price action that represent changes in supply/demand along with being able to exploit the changes in supply/demand.

Also, I strongly believe that profitable trading involves more than just trade signals and that's why most traders fail because they put all their interest in trade signals while ignoring the impact of their trading habits/routine or personal lifestyle. If you don't understand this perspective...please ask questions here at the forum for more info or you can tweet me on twitter @wrbtrader.

My Trading Performance: +32.50 Emini ES ($ES_F) points

092409wrbtraderPnLBlotterProfit.png [ 32.82 KiB | Viewed 484 times ]


Stocks Slide for 2nd Straight Day
Wall Street slumps as existing home sales report shows a surprise slide. S&P 500 down about 2% in two days.
By Alexandra Twin, senior writer
Last Updated: September 24, 2009: 4:10 PM ET

NEW YORK ( -- Stocks slumped Thursday, falling for the second straight session, as a surprise drop in existing home sales and tumbling commodity prices gave investors a reason to sell into a rally that pushed the major gauges to one-year highs.

The Dow Jones industrial average (INDU) lost 45 points, or 0.5%, according to early tallies. The S&P 500 (SPX) index fell 10 points, or 0.9%. The Nasdaq composite (COMP) declined 23 points, or 1.1%.

Declines were broad based, with 2 out of every 3 Dow stocks sliding, including GE (GE, Fortune 500), Alcoa (AA, Fortune 500), Bank of America (BAC, Fortune 500), Chevron (CVX, Fortune 500), Boeing (BA, Fortune 500), Caterpillar (CAT, Fortune 500), Hewlett-Packard (HPQ, Fortune 500) and United Technologies (UTX, Fortune 500).

Stocks gained in the early going after the Labor Department reported that jobless claims fell for the third week in a row. But the market abandoned gains after the housing report. A slide in oil and gold shares on the back of a stronger dollar dragged on commodity stocks.

Stocks slipped Wednesday, falling from almost one-year highs, after the Federal Reserve kept interest rates unchanged and essentially maintained its recent economic outlook. A week ago, Fed chief Ben Bernanke said the recession was very likely over, but the labor market still has a long way to go.

In the short term, "there's not a whole lot of bad news that could derail equities," said Robert Siewert, portfolio manager at Glenmede. "But the rally since March has been the sharpest since the 1930s and it's not surprising to see occasional pullbacks."

However, Siewert said that longer term, there are a lot of headwinds that could challenge stocks, with 2010 likely a tougher year for equities. He cited challenges including the eventual rising of taxes, the labor market weakness, the still-tight credit market and the struggle of a consumer that chooses to save at the expense of personal spending.

Housing: Existing home sales fell to a seasonally adjusted 5.1 million unit rate in August from a 5.24 million unit rate in July, according to a report from the National Association of Realtors. Economists surveyed by forecast that sales would rise to a 5.3 million unit rate in the month.

Jobs: A report from the Labor Department showed weekly jobless claims fell for the third week in a row. The number of Americans filing new claims for unemployment fell to 530,000 last week from a revised 551,000 in the prior week. Economists thought claims would rise by 5,000.

Continuing claims, a measure of Americans who have been receiving benefits for a week or more, fell to 6,138,000 from 6,261,000 in the previous week. Economists expected a rise.

IPOs return: Shares of A123 Systems (AONE) surged as much as 56.6% from their initial pricing, before trimming the gain to just over 50% at the close. The company, one of a small group of electric-car battery makers, raised $380 million in an initial public offering Wednesday that priced above forecasts. The company trades under the ticker symbol AONE.

A123 was one of 5 companies that went public Thursday, the biggest day for the IPO market since Nov. 15, 2007, when 6 debuted.

Among the other debuts, online pharmacy (VITC) was little changed Thursday and asset management firm Artio Global Investors (ART) added 3.5%.

Two REITs also debuted: Apollo Commercial Real Estate Finance (ARI), which fell 7% Thursday, and Colony Financial (CLNY), which fell 2.5%.

Three more IPOs are due by the end of the week and 8 over the next two weeks. The recharged market is seen as another indicator that a broader economic recovery is taking hold.

Other company news: Rite Aid (RAD, Fortune 500) reported its ninth consecutive quarterly loss Thursday morning, although the results were not as weak as analysts had expected. However, the drugstore chain also said it would see a wider fiscal-year loss than it initially thought because of falling sales.

Shares fell 15%.

Among other movers, Chelsea Therapeutics (CHTP) tumbled 60% after its experimental drug to treat a neurological disorder showed disappointing results in a late-stage trial.

One-year highs: The major indexes ended Tuesday's session at the highest levels since just after the collapse of Lehman Brothers last September.

Since bottoming at a 12-year low March 9, the S&P 500 has gained 56.8% and the Dow has gained 48.9%, as of Wednesday's close. After hitting a six-year low, the Nasdaq has gained 68%.

The stock advance was driven by signs that the economy is slowly starting to recover -- and by extraordinary amounts of fiscal and monetary stimulus.

Despite predictions of a big September selloff, stocks have seen only modest pullbacks that have been met with renewed buying.

Fed: The Federal Reserve said Thursday it was dialing down a pair of emergency programs in the wake of an improving economy. The central bank is cutting back the amount of money available to banks under the Term Auction Facility, a short-term loan program.

The Fed is also pulling back on a program that lets investment banks trade bad debt for safe Treasury debt.

G-20 summit begins: The Group of 20 leading developed and emerging countries are meeting in Pittsburgh to discuss financial reforms in the wake of the global financial market collapse. It is the third such meeting, following earlier events in April and last November.

World markets: Global markets were mostly lower. In Europe, London's FTSE 100, France's CAC 40 and Germany's DAX all lost around 1%. Asian markets ended lower, with the exception of the Japanese Nikkei.

Currency and commodities: The dollar gained versus the euro and the yen. The greenback has repeatedly hit one-year lows against a basket of currencies over the last few weeks.

A stronger dollar hit dollar-traded commodities, including oil and gold.

U.S. light crude oil for October delivery fell $3.08 to settle at $65.98 a barrel on the New York Mercantile Exchange.

COMEX gold for December delivery fell $15.50 to settle at $998.90 an ounce. Gold closed at a record high of $1,020.20 last week.

Bonds: Treasury prices rose, lowering the yield on the benchmark 10-year note to 3.38% from 3.41% late Tuesday. Treasury prices and yields move in opposite directions.


Yahoo! Finance

4:25 pm : A better-than-expected batch of jobless claims data positioned stocks for a rebound from the previous session's late sell-off, but a disappointing existing home sales report and a sharp rebound in the dollar combined to renew selling pressure and hand stocks their second straight loss.

Stocks dropped 1% in the previous session, but managed to open with a modest gain amid news that the latest initial jobless claims tally fell to its lowest level in two months by totaling 530,000 in the week ending Sept. 19. Economists, on average, had expected initial claims to total 550,000. Continuing claims were also below expectations. They were predicted to total 6.18 million, but came in at 6.14 million, instead.

Though initial claims and continuing claims remain at uncomfortable levels, their direction encouraged market participants. That is, until the midmorning release of August existing home sales data, which showed that home sales pulled back to an annualized clip of 5.1 million units. The unexpected 2.7% decline marked the first retreat since March.

The disappointing home sales data encouraged sellers to step back into the fold. Weakness among stocks was magnified as the U.S. dollar staged a strong advance, which helped the Dollar Index achieve a gain of little more than 1%. The greenback remains near 2009 lows, but renewed strength cuts into the profits of multinationals that bring their earnings back home.

The dollar's gain this session also weighed heavily on commodities, which left the CRB Commodity Index down just over 2% this session and down more than 3% week-to-date. Gold prices weighed heavily on the CRB; they closed 1.6% lower at $998.30 per ounce after closing above $1000 in each of the previous six sessions. Oil was a primary drag on the CRB as crude contracts closed with prices down 4.4% at $65.93 per barrel. Natural gas prices closed 2.6% higher at $3.96 per contract following an in-line inventory report, however.

Overall weakness among commodities and stiff selling in the broader equity market weighed heavily on materials stocks. The sector dropped 2.0%, more than any other major sector.

Financials also fared poorly. They dropped 1.8%, as a group. REITs reversed a recent hot streak as investors took profits following a couple of poor IPO turnouts.

Despite this session's broad-based selling effort, blue chips were able to contain losses. That helped the Dow hold up better than the other headline indices.

Defensive-oriented stocks also held up relatively well. As such, utilities and telecom finished just 0.1% lower. Health care fell 0.3%.

Treasuries had a strong showing. The benchmark 10-year Note closed roughly 12 ticks higher, which lowered its yield to 3.37%. Treasuries were supported by weakness among stocks and solid results from 7-year Treasury Note auction, which produced a bid-to-cover ratio of 2.8 and a high yield of 3.05%.

Advancing Sectors: (None)
Declining Sectors: Materials -2.0%, Financials -1.8%, Industrials -1.4%, Energy -1.3%, Consumer Discretionary -0.9%, Technology -0.6%, Consumer Staples -0.4%, Health Care -0.3%, Telecom -0.1%, Utilities -0.1%DJ30 -41.11 NASDAQ -23.81 NQ100 -0.8% R2K -1.9% SP400 -1.7% SP500 -10.09 NASDAQ Adv/Vol/Dec 645/2.59 bln/2018 NYSE Adv/Vol/Dec 714/1.37 bln/2306

3:35 pm : The dollar has devalued asset prices across the board this session. The dollar index is currently up 1.1% after falling almost 15% over the last six months. Considerable selling pressure has been seen in the materials and energy sectors, down 1.9% and 1.3%, respectively.

The strong dollar took commodities down just over 2.0% this session.

Although energy commodities were down 2.5% as a whole, natural gas futures rose this session following this morning's in-line inventory report. The November futures continued to advance midsession, after the inventory induced pop in the morning. They closed up 2.6% at $3.96 per contract.

Crude oil futures made a move more in-line with the rest of the market. The November futures sold off soon after the open of the pit trade. After the big move lower, the futures were relatively flat for the rest of the session. They closed off 4.4% at $65.93 per barrel.

Precious metals sold off in the face of the dollar's strength. After closing above the $1000 per ounce mark for six consecutive sessions, gold closed below that level this session at $998.30 per ounce, down 1.6%. The silver futures traded in a similar fashion this session. After a fierce sell-off early, December silver futures found a comfort zone around the $16.30 per ounce level. They closed down 3.4% at $16.35 per ounce.DJ30 -31.89 NASDAQ -22.13 SP500 -9.53 NASDAQ Adv/Vol/Dec 695/2.20 bln/1980 NYSE Adv/Vol/Dec 711/995 mln/2308

3:00 pm : Following a slow and steady slog lower for the past few hours, stocks are making a modest move off of their lows to pare losses. Still, weakness remains widespread and losses are still considerable.

Selling pressure remains particularly intense among small and mid-cap stocks. As such, the Russell 2000 is down 1.9% and the S&P 400 is off by 1.6%. However, blue chips are holding up relatively well, such that the Dow Jones Industrial Average is down modestly, even though its decliners outnumber its advancing issues by 2-to-1.DJ30 -39.30 NASDAQ -24.88 SP500 -10.10 NASDAQ Adv/Vol/Dec 626/2.01 bln/2037 NYSE Adv/Vol/Dec 683/893 mln/2330

2:30 pm : The major indices continue to gradually descend.

Financial stocks have accelerated their decline, however. The sector is now down 2.2%, which still isn't quite as bad as the materials sector's 2.3% decline.

Losses are least severe among utilities stocks. The sector is trading with a modest 0.1% loss. DJ30 -58.11 NASDAQ -30.43 SP500 -13.03 NASDAQ Adv/Vol/Dec 533/1.87 bln/2109 NYSE Adv/Vol/Dec 627/828 mln/2395

2:00 pm : After spending the last few hours confined to a narrow trading range, stocks have drifted to fresh session lows. That has put the S&P 500 back at levels not seen since the early part of last week.

Should the losses hold, stocks will log their second straight loss --that hasn't happened since the beginning of the month. The degree of the potential back-to-back loss is even more eye raising since the S&P 500 hasn't logged two consecutive losses of at least 1% since June. That accomplishment illustrates the stock market's recent ability to keep pullbacks short and shallow.DJ30 -65.75 NASDAQ -31.73 SP500 -12.81 NASDAQ Adv/Vol/Dec 528/1.73 bln/2084 NYSE Adv/Vol/Dec 620/760 mln/2376

1:30 pm : Stocks continue to trade with widespreade weakness, near session lows. As such, all 10 major sectors in the S&P 500 remain in the red, half of them are down by 1% or more.

Weaker still are commodity prices. That has the CRB Commodity Index down 2.0%. Oil prices are now down 4% as they extend the previous session's slide to $66.20 per barrel.DJ30 -53.88 NASDAQ -28.95 SP500 -11.57 NASDAQ Adv/Vol/Dec 575/1.61 bln/2039 NYSE Adv/Vol/Dec 645/703 mln/2337

1:05 pm : Helped by a lower-than-expected initial jobless claims count, stocks started the session with a modest gain, but a disappointing existing home sales report caused stocks to slide considerably in broad-based fashion. Stocks are now facing their first back-to-back loss since the beginning of the month.

Initial jobless claims for the week ending September 19 came in at 530,000, which is below the 550,000 that was expected. Though claims remain at uncomfortable levels, participants were encouraged by the fact that the tally hit a two-month low. Continuing claims were also down more than expected. They came in at 6.14 million.

The positive mood that followed the data was reversed when it was learned that existing home sales for August came in below expectations at an annualized rate of 5.1 million units. What's more, the sales rate dropped 2.7%, which marked the first time since March that sales slowed.

Stocks were hit with a concerted selling effort following the existing home sales report. Homebuilders were hit especially hard, even though Reuters reported that analysts at Goldman Sachs raised their rating on the group.

Of the major sectors in the S&P 500, losses are steepest among materials. The sector is down 1.8%. Its weakness has been exacerbated by a sharp drop in commodities, which has the CRB Commodity Index down 2.0%. A 0.9% jump by the Dollar Index has only weakened the case for commodities.

Results from an auction of 7-year Treasuries produced a solid bid-to-cover ratio of 2.8 and a high yield of 3.05%. The results haven't done much to pull stocks up from their broad-based losses, though.DJ30 -49.95 NASDAQ -28.40 SP500 -10.80 NASDAQ Adv/Vol/Dec 541/1.52 bln/2065 NYSE Adv/Vol/Dec 634/659 mln/2335

12:30 pm : Stocks remain in negative territory as they trade in a rather narrow range, which has spanned only a few points during the last couple of hours.

Expected volatility as picked up with this session's weakness, however. As such, the Volatility Index, unofficially dubbed the Fear Index, is up nearly 6% to almost 25. The VIX recently traded just above 25 earlier this week.DJ30 -50.93 NASDAQ -27.51 SP500 -10.31 NASDAQ Adv/Vol/Dec 530/1.39 bln/2060 NYSE Adv/Vol/Dec 641/589 mln/2297

12:00 pm : Stocks continue to trade with losses, but the U.S. dollar is staging an impressive rally that has lifted the Dollar Index to a 0.9% gain.

The dollar's strength, along weakness in equity markets, has created a downdraft on commodity prices. In turn, the CRB Commodity Index is down 2.0%. Oil has been the heaviest drag on the CRB -- crude prices are currently down 3.8% to $66.35 per barrel. Meanwhile, gold has surrendered an early, though modest, gain to now trade a sharp 1.6% lower at $996.80 per ounce.DJ30 -64.76 NASDAQ -29.12 SP500 -11.19 NASDAQ Adv/Vol/Dec 528/1.26 bln/2030 NYSE Adv/Vol/Dec 626/531 mln/2290

11:30 am : Stocks continue to trade with broad-based losses, though they are up a bit from their session lows. Losses are worse among small-caps and mid-caps; as such, the Russell 2000 is down 1.6% and the S&P 400 is down 1.5%.

Amid weakness in stocks, Treasuries are looking strong as the benchmark 10-year Note climbs 10 ticks. That has pushed its yield back below 3.4%. Treasuries could come into sharper focus with the 1:00 PM ET release of the latest results from a 7-year Treasury Note auction.DJ30 -41.19 NASDAQ -23.48 SP500 -8.84 NASDAQ Adv/Vol/Dec 563/1.12 bln/1982 NYSE Adv/Vol/Dec 654/477 mln/2234

11:00 am : Stocks have extended their morning slide so that all 10 major sectors are now in the red. Four of them are down by 1% or more.

Losses are steepest among materials stocks. The sector is off by 2.1% as metals and mining stocks (-3.1%), steel stocks (-3.0%), and diversified chemicals stocks (-2.3%) fall sharply out of favor.

Financial stocks had been providing an element of support to the broader market in the early going, but participants have since soured on the sector. Financials now trade with a 1.5% loss. Within the sector, weakness is most pronounced among REITs, which had shown strength in recent sessions. Industrial REITs are down 5.0%, while retail REITs are down 4.1% and residential REITs are down 3.6%. The drop among REITs comes amid disappointing housing data and a couple of poor turnouts for the IPO's of Apollo Commercial (ARI 18.93, -1.07) and Colony Financial (CLNY 19.46, -0.54).DJ30 -39.45 NASDAQ -24.24 SP500 -8.17 NASDAQ Adv/Vol/Dec 518/942/1969 NYSE Adv/Vol/Dec 610/402 mln/2244

10:35 am : Commodities are hitting fresh lows in recent trading on a spike in the US Dollar Index.

November crude traded modestly lower overnight and fell sharply right after the open of pit trading to session lows of $66.72. Crude just hit new lows of $65.79 and is currently trading 3.8% lower at $66.32 per barrel.

October natural gas spent most of its overnight session in the red and has spent little time in positive territory this morning. Ahead of the open of pit trading, natural gas fell notably, hitting today's current lows of $3.77 per MMBtu, which occurred shortly after the open. Ahead of this week's inventory data, natural gas just hit another new low of $3.748.was trading 2.3% lower at $3.77 per MMBtu. Following the data, which showed a build of 67 bcf (consensus was a build of 68 bcf), natural gas was relatively unchanged, currently trading 2.2% lower at $3.774 per MMBtu.

The US Dollar Index spiked to fresh highs in recent activity, pushing December gold and December silver into negative territory and to new session lows of $994 per ounce and $16.37 per ounce. Gold is currently just above its low, down 1.7% at $997.2 per ounce, while silver is down 2.9% at $16.415 per ounce.DJ30 -39.98 NASDAQ -23.87 SP500 -8.56 NASDAQ Adv/Vol/Dec 532/703.3 mln/1908 NYSE Adv/Vol/Dec 626/298.9 mln/2167

10:05 am : Stocks are on the retreat following a disappointing existing home sales report.

Existing home sales for August came in at an annualized rate of 5.1 million units, which is a step down from the July sales rate of 5.2 million units and less than the 5.35 million unit sales rate that was widely expected.

Month-over-month, August sales decreased 2.7%. They were expected to increase 2.1% after showing a 7.2% spike the month before.

Homebuilders have responded to the data by dropping sharply. It is now trading with a 1.1% loss. The group had its sector rating raised to Attractive by analysts at Goldman Sachs, according to Reuters.

Advancing Sectors: Telecom +0.5%, Utilities +0.4%, Financials +0.1%
Declining Sectors: Materials -0.1%, Energy -0.7%, Industrials -0.5%, consumer discretionary -0.4%, health care -0.1%, Tech -0.1%, Consumer Staples -0.1%

Early movers: Trading up --HLCS +31.7%, AM +16%, RHT +13.6%, GKK +11.5%, VICL +9.5%, MTH +9%, OSUR +6.4%, KERX +6.3%, COMS +6.1%; Trading down -- CNXT -14.5%, BSDM -11.4%, NMR -11.2%, HERO -10.5%, PSEC -8.6%, FELE -7.2%, PCAP -7%, CBAK -6.8%DJ30 +6.88 NASDAQ -6.42 SP500 -2.31 NASDAQ Adv/Vol/Dec 874/419 mln/1437 NYSE Adv/Vol/Dec 903/189 mln/1785

09:45 am : The stock market is sliding after attempting to put together a modest gain in the first few minutes of trading.

The early downturn comes as energy stocks come under continued pressure. The sector is down 0.8%, currently worse than any other major sector. The drop in energy stocks follows a sharp downward move by oil prices, which were recently quoted 2.6% lower at $67.15 per barrel, a near three-week low.

However, financials are providing a bit of support. The sector is up 0.6% after dropping more than 2% in the previous session. DJ30 +30.99 NASDAQ +2.17 SP500 +0.96 NASDAQ Adv/Vol/Dec 1133/226 mln/1033 NYSE Adv/Vol/Dec 1263/108 mln/1326

09:15 am : S&P futures vs fair value: +5.80. Nasdaq futures vs fair value: +11.50. Better-than-expected jobless claims data are helping to position the stock market for a rebound after it rolled over late in the previous session to log a 1% loss. Participants will be looking for additional trading catalysts from the August existing home sales report (10:00 AM ET), results from an auction of 7-year Treasuries (1:00 PM ET), or commentary from the G-20 meeting, which will place much of its focus on helping nurture an economic recovery and safeguarding against future failures. Market watchers will also be keeping an eye on the U.S. dollar, which is currently up 0.1% following late rebound Wednesday. However, the greenback's early, though modest, gain hasn't derailed gold in the early going. Prices of the yellow metal are up nearly 0.3% to $1015.80 per barrel. Oil prices are down, though. Crude futures contracts are currently being priced at $68.40 per barrel, down 0.8%.

09:00 am : S&P futures vs fair value: +6.70. Nasdaq futures vs fair value: +11.80. Europe's major indices have worked their way to modest gains with help from some better-than-expected jobless claims data stateside. Germany's DAX had been down more than 1%, but is now up 0.5%. Daimler (DAI) is a primary leader in the German bourse. According to Dow Jones, German business confidence improved in September, but a measure of business sentiment was weaker than expected. In France, the CAC is up 0.5% as Societe Generale and BNP Paribas provide leadership. Energy giant Total (TOT) is a primary laggard, though. As for Britain's FTSE, the benchmark index is up 0.4%. Energy players BP PLC (BP) and Royal Dutch Shell (RDS.A) are currently providing the most leadership. Gains are also being supported by news that the British economy is showing signs of recovery, according to Bank of England Governor King. He did add, though, that any improvement is likely to be small compared to the sharp drop in output caused by the global financial crisis, according to Reuters. In Asia, the MSCI Asia Pacific Index advanced a modest 0.3%, while Japan's Nikkei reopened from an extended holiday to make a 1.7% gain. The catch-up move by the broader market carried exporters like Kyocera (KYO), Honda Motor (HMC), and Tokyo Electron higher. Sony (SNE) also gained, but it stirred additional favor following comments from the company that indicated sales of its game consoles jumped following a price cut. In Hong Kong, the Hang Seng dropped 2.5%. Heavyweight banks were pressured. That left HSBC (HBC), ICBC, and China Construction Bank to close considerably lower. In mainland China, the Shanghai Composite managed to make a 0.4% gain, despite early weakness.

08:35 am : S&P futures vs fair value: +5.90. Nasdaq futures vs fair value: +10.50. Stock futures have moved higher in reaction to the latest batch of weekly jobless claims. Initial claims for the week ending September 19 hit a two-month low of 530,000, which is less than the 550,000 that was widely expected and down 21,000 from the previous week. The four week moving average now stands at 553,500, down from 564,500. Meanwhile, continuing claims came in at 6.14 million, down some 120,000 from the previous week. Continuing claims were expected to total 6.18 million.

08:00 am : S&P futures vs fair value: +3.30. Nasdaq futures vs fair value: +5.30. Stock futures are currently flat following the latest quarterly earnings reports from a handful of companies. Their results have generally been solid, but none have proven to be market-movers. Weekly jobless claims data are due out at the bottom of the hour, followed by existing home sales data for August at 10:00 AM ET. Participants also look ahead to another round of Treasury auction results (7-year Notes) at 1:00 PM ET. One of the backdrops to today's trading will be the G-20 meeting. The meeting hosts leaders from the world's major countries aiming to nurture the recovery from recession and build safeguards against future catastrophes.

06:18 am : S&P futures vs fair value: +3.30. Nasdaq futures vs fair value: +4.30.

06:18 am : Nikkei...10544.22...+173.70...+1.70%. Hang Seng...21050.73...-544.80...-2.50%.

06:18 am : FTSE...5130.20...-9.20...-0.20%. DAX...5688.73...-13.50...-0.20%.

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